Plaintiffs' lawyers who negotiated a $2.8 billion antitrust settlement against Blue Cross Blue Shield have withdrawn their attempt to prevent a Washington, D.C., law firm from advising hospitals to reject the deal and pursue independent lawsuits against the company. This development coincides with ongoing tensions within the plaintiffs' bar, particularly highlighted during the Johnson & Johnson (J&J) talc bankruptcy hearings in Texas. Testimonies revealed significant disagreements between two lawyers representing the same group of 12,000 clients, reflecting deeper fractures within the plaintiffs' legal community. Additionally, J&J's talc liability unit is seeking to hire Kirkland & Ellis as special litigation counsel, which would replace Skadden Arps Slate Meagher & Flom, amidst a proposed $10 billion bankruptcy plan aimed at resolving mass litigation related to its talc products.
Behind Johnson & Johnson’s proposed $10 billion bankruptcy plan is a lot of infighting among members of the plaintiffs bar. Reporter Amanda Bronstad has this report about what came to light last week in Houston during testimony between two feuding lawyers: https://t.co/pQaPFpywqb https://t.co/CUWr6RR7me
New from me: Johnson & Johnson’s talc liability unit moved to hire Kirkland & Ellis as its special litigation counsel amid a trial on its proposal to resolve mass litigation over its talc products. It would replace Skadden Arps Slate Meagher & Flom. @BLaw https://t.co/OygIh6LYBh
What happens when two lawyers who share the same 12,000 clients disagree? A big fight ensues, and it's playing out this month in the J&J talc bankruptcy hearing in Texas. https://t.co/IThlcocyHm